Ref. LIST/COMP/65/2020-21

Dear Sir\Madam,

Securities and Exchange Board of India (SEBI) has issued circular No. SEBI/HO/CFD/DIL1/CIR/ P/2020/215

It has been decided to further streamline the processing of draft schemes filed with the stock exchanges and make certain amendments to the aforesaid Circular dated March 10, 2017, as provided in the Annexure to this Circular. These amendments are aimed at ensuring that the recognized stock exchanges refer draft schemes to SEBI only upon being fully convinced that the listed entity is in compliance with SEBI Act, Rules, Regulations and circulars issued thereunder.

This Circular shall be applicable for all the schemes filed with the stock exchanges after November 17, 2020.

The amendment indicated at Para 7 of the Annexure shall be applicable for all listed entities seeking listing and/or trading approval from the stock exchanges after November 3, 2020.

The aforesaid circular is attached for reference.

Listed Companies are requested to take note and comply accordingly.  

Hiteshkumar Desai Additional General Manager Listing Compliance

Ashok Kumar Singh Assistant General Manager Listing Compliance

November 4, 2020